Phoenix Group Holdings plc (LON:PHNX) Insider Andrew Briggs Sells 151,586 Shares

Phoenix Group Holdings plc (LON:PHNX) insider Andrew Briggs sold 151,586 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of GBX 582 ($7.55), for a total transaction of £882,230.52 ($1,143,971.11).

Andrew Briggs also recently made the following trade(s):

• On Monday, January 6th, Andrew Briggs purchased 29 shares of Phoenix Group stock. The stock was acquired at an average price of GBX 514 ($6.66) per share, for a total transaction of £149.06 ($193.28).

Phoenix Group Trading Down 0.8 %

Phoenix Group stock opened at GBX 577.50 ($7.49) on Friday. The company has a current ratio of 3.30, a quick ratio of 0.12 and a debt-to-equity ratio of 160.32. Phoenix Group Holdings plc has a 12 month low of GBX 475 ($6.16) and a 12 month high of GBX 590 ($7.65). The stock’s 50 day simple moving average is GBX 516.01 and its two-hundred day simple moving average is GBX 519.43. The firm has a market cap of £5.77 billion, a PE ratio of -11.07, a P/E/G ratio of 1.95 and a beta of 0.73.

Phoenix Group (LON:PHNX) last announced its earnings results on Tuesday, March 18th. The company reported GBX 45.40 ($0.59) earnings per share (EPS) for the quarter. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%. Analysts anticipate that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current year.

Phoenix Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 3rd will be given a dividend of GBX 27.35 ($0.35) per share. This is a positive change from Phoenix Group’s previous dividend of $26.65. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a dividend yield of 4.66%. Phoenix Group’s dividend payout ratio (DPR) is -101.58%.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 650 ($8.43) price objective on shares of Phoenix Group in a research report on Monday, February 17th.

Phoenix Group Company Profile

Phoenix is the UK’s largest long-term savings and retirement business with c. £300 billion of assets under administration and c. 12 million customers.
We are a constituent of the FTSE 100 with c. 7,800 colleagues and offer a broad range of products to support people across all stages of the savings life cycle.
We are a growing and sustainable business with a clear purpose – helping people secure a life of possibilities.